{"data":{"id":"us-tx/tex.-finance-code-342.602","jurisdiction":"us-tx","citation":"Tex. Finance Code § 342.602","heading":"DISCLOSURES TO MILITARY BORROWERS.","body":"Before engaging in a deferred presentment transaction, a lender shall provide to a customer who is a member of the United States military or the member's spouse a written statement that clearly and conspicuously states that:\n(1) the lender is prohibited by law from:\n(A) garnishing the wages of any borrower, including a borrower who is a member of the United States military;\n(B) conducting any collection activity against a borrower who is:\n(i) a member of the armed forces of the United States who is deployed to combat or a combat support posting, for the duration of the posting;\n(ii) a member of the Texas National Guard who is called to federal active duty, for the duration of the duty;\n(iii) the spouse of a person described by Paragraph (i), for the duration of the posting; or\n(iv) the spouse of a person described by Paragraph (ii), for the duration of the duty; or\n(C) from contacting the employer of a member of the United States military about a deferred presentment debt of the member or the member's spouse;\n(2) the lender shall honor the terms of a repayment agreement entered into with a member of the United States military or the member's spouse, including a repayment agreement negotiated through military counselors or third-party credit counselors; and\n(3) the lender shall honor any statement made by a commanding officer of a member of the United States military declaring any location where deferred presentment transaction business is to be conducted by the lender to be a place at which a member of the United States military or the member's spouse is prohibited from transacting business.\nAdded by Acts 2005, 79th Leg., Ch. 394 (S.B. 1479), Sec. 1, eff. September 1, 2005.","path":["FINANCE CODE","TITLE 4. REGULATION OF INTEREST, LOANS, AND FINANCED TRANSACTIONS","SUBTITLE B. LOANS AND FINANCED TRANSACTIONS","CHAPTER 342. CONSUMER LOANS","SUBCHAPTER M. DEFERRED PRESENTMENT TRANSACTIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.342.htm#342.602","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"e7b775fc46f901db706faafc07aa0b4f2842f8de04886f98aa107e8069fbda76","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-342.601","next":"us-tx/tex.-finance-code-342.603"},"notice":"GroundRules: Original legal text. Not legal advice."}